e.l.f. Magnificence (NYSE:ELF) Hits New 52-Week Excessive on Analyst Improve

e.l.f. Magnificence, Inc. (NYSE:ELFGet Ranking)’s inventory worth reached a brand new 52-week excessive on Wednesday after Morgan Stanley raised their worth goal on the inventory from $42.00 to $46.00. Morgan Stanley at the moment has an obese ranking on the inventory. e.l.f. Magnificence traded as excessive as $41.30 and final traded at $41.01, with a quantity of 2240 shares altering fingers. The inventory had beforehand closed at $39.52.

ELF has been the subject of a variety of different analysis stories. DA Davidson lifted their goal worth on e.l.f. Magnificence from $42.00 to $44.00 and gave the corporate a “purchase” ranking in a analysis report on Thursday, August 4th. TheStreet upgraded e.l.f. Magnificence from a “c+” ranking to an “a-” ranking in a analysis be aware on Wednesday, August third. Financial institution of America initiated protection on e.l.f. Magnificence in a analysis be aware on Wednesday, September 14th. They issued a “purchase” ranking and a $45.00 worth goal for the corporate. JPMorgan Chase & Co. raised their worth goal on e.l.f. Magnificence from $30.00 to $35.00 in a analysis be aware on Thursday, July twenty first. Lastly, Raymond James raised their worth goal on e.l.f. Magnificence from $27.00 to $38.00 and gave the corporate an “outperform” ranking in a analysis be aware on Tuesday, August 2nd. 4 funding analysts have rated the inventory with a maintain ranking and eight have issued a purchase ranking to the inventory. In response to MarketBeat, the inventory presently has a consensus ranking of “Average Purchase” and a consensus worth goal of $39.67.

Insider Shopping for and Promoting

In associated information, insider Kory Marchisotto bought 57,550 shares of the corporate’s inventory in a transaction that occurred on Thursday, September fifteenth. The inventory was bought at a mean worth of $39.97, for a complete transaction of $2,300,273.50. Following the transaction, the insider now straight owns 159,400 shares of the corporate’s inventory, valued at roughly $6,371,218. The transaction was disclosed in a doc filed with the SEC, which could be accessed by this hyperlink. In different information, insider Kory Marchisotto bought 57,550 shares of the inventory in a transaction that occurred on Thursday, September fifteenth. The inventory was bought at a mean worth of $39.97, for a complete worth of $2,300,273.50. Following the completion of the sale, the insider now straight owns 159,400 shares of the corporate’s inventory, valued at $6,371,218. The sale was disclosed in a doc filed with the SEC, which is accessible by the SEC web site. Additionally, SVP Joshua Allen Franks bought 10,515 shares of the inventory in a transaction that occurred on Wednesday, August tenth. The inventory was bought at a mean worth of $36.50, for a complete worth of $383,797.50. Following the completion of the sale, the senior vice chairman now straight owns 116,234 shares of the corporate’s inventory, valued at $4,242,541. The disclosure for this sale could be discovered right here. Within the final three months, insiders have bought 542,746 shares of firm inventory valued at $19,538,088. 8.20% of the inventory is owned by firm insiders.

Institutional Buying and selling of e.l.f. Magnificence

Need Extra Nice Investing Concepts?

A number of institutional traders and hedge funds have not too long ago modified their holdings of the inventory. American Century Firms Inc. grew its holdings in shares of e.l.f. Magnificence by 33.5% within the first quarter. American Century Firms Inc. now owns 647,838 shares of the corporate’s inventory valued at $16,734,000 after buying an extra 162,672 shares within the final quarter. Psagot Worth Holdings Ltd. Israel purchased a brand new place in e.l.f. Magnificence throughout the fourth quarter valued at $130,000. Essex Funding Administration Co. LLC grew its holdings in e.l.f. Magnificence by 4.9% throughout the first quarter. Essex Funding Administration Co. LLC now owns 69,700 shares of the corporate’s inventory valued at $1,800,000 after buying an extra 3,286 shares throughout the interval. Blair William & Co. IL grew its holdings in e.l.f. Magnificence by 133.5% throughout the fourth quarter. Blair William & Co. IL now owns 23,512 shares of the corporate’s inventory valued at $781,000 after buying an extra 13,443 shares throughout the interval. Lastly, Public Sector Pension Funding Board grew its holdings in e.l.f. Magnificence by 1.2% throughout the fourth quarter. Public Sector Pension Funding Board now owns 97,510 shares of the corporate’s inventory valued at $3,238,000 after buying an extra 1,170 shares throughout the interval. 94.61% of the inventory is owned by hedge funds and different institutional traders.

e.l.f. Magnificence Buying and selling Up 0.8 %

The agency has a fifty day easy transferring common of $36.39 and a two-hundred day easy transferring common of $29.40. The agency has a market capitalization of $2.09 billion, a P/E ratio of 76.91 and a beta of 1.59. The corporate has a debt-to-equity ratio of 0.27, a present ratio of three.51 and a fast ratio of two.37.

e.l.f. Magnificence (NYSE:ELFGet Ranking) final posted its quarterly earnings outcomes on Wednesday, August third. The corporate reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The agency had income of $122.60 million throughout the quarter, in comparison with analyst estimates of $109.42 million. e.l.f. Magnificence had a return on fairness of 10.95% and a web margin of 6.69%. On common, equities analysis analysts anticipate that e.l.f. Magnificence, Inc. will publish 0.63 earnings per share for the present fiscal yr.

About e.l.f. Magnificence

(Get Ranking)

e.l.f. Magnificence, Inc, along with its subsidiaries, gives beauty and skincare merchandise beneath the e.l.f. Cosmetics, e.l.f. Pores and skin, Nicely Individuals, and Keys Soulcare model names worldwide. The corporate affords eye, lip, face, face, paw, and skincare merchandise. It sells its merchandise by nationwide and worldwide retailers and direct-to-consumer channels, which embody e-commerce platforms in the USA, and internationally primarily by distributors.

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